China Keli Announces Fourth Update of Delay in Filing Annual Financial Statements

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – China Keli Electric Company Ltd. (TSXV: ZKL) (the “Company“), announces today a fourth update on the status of the filing of its annual financial statements, management’s discussion and analysis, and the related officer certifications for the financial year ended April 30, 2018 (collectively, the “Annual Filings“). Due to the location of the Company’s business operations in China, the change in the Company’s auditors from Kreston GTA LLP to K.R. Margetson Ltd. in July of this year, and the pending sale of Creative Grace Limited (“Creative Grace“), the Company’s audit remains ongoing at this time. The Company is finalizing its audit and hopes to file the Annual Filings as soon as possible.

In addition, the Company is also preparing and finalizing its financial statements for the first quarter ended July 31, 2018, the management’s discussion and analysis thereto, and the related officer certifications (collectively, the “Q1 Filings“). The Company expects to file the Q1 filings concurrently with or shortly after the Annual Filings.

Pending the filing of the Annual Filings and the Q1 Filings, a management cease trade order has been issued by the British Columbia Securities Commission. The Company intends to follow the provisions of the Alternative Information Guidelines as set out in National Policy 12—203 — Management Cease Trade Orders, for as long as the Company remains in default, including the issuance of further by-weekly default status reports, each of which will be issued in the form of a press release. A general cease trade order may be issued as a result of the Company’s default status.

Finally, the Company continues to work towards the completion of the sale of Creative Grace. Final closing documentation are being finalized, and the Company intends to complete the sale of Creative Grace as soon as practicable.

About China Keli Electric Company Ltd.

China Keli Electric Company Ltd. specializes in the manufacturing and installation of electrical components and equipment, including pre-assembled mini substations, electrical controllers, pressurized and vacuumed switchgears and circuit breakers.

For further information, please contact:


Philip Lo, Chief Financial Officer
Tel. No.: (86) 13632 173732

For further company information please access our website:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


Arctic Star Announces Management Changes

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – Arctic Star Exploration Corp. (TSXV: ADD) (“Arctic Star” or the “Company”) is pleased to report that Executive Chairman and Director Patrick Power, has been appointed as President and Chief Executive Officer. Scott Eldridge has resigned as President and Chief Executive Officer, and will remain with Arctic Star as a Director. In the new corporate structure, effective immediately, Mr. Power will assume all operational duties.

Patrick Power is a seasoned venture capitalist and financier with over 20 years of experience as a stock market professional and as director of public companies. Arctic Star benefits from Mr. Power’s wealth of experience as a savvy deal maker, an adept financier and as a results-driven leader of dynamic public companies. The company enjoys Mr. Power’s large network of contacts within the industry.

About Arctic Star

The Company owns 100% of the recently acquired Timantti Diamond Project including a 243 Ha Exploration Permit and a 193,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. Arctic has commenced its exploration in Finland on the Timantti Project, where four diamondiferous kimberlite bodies may represent the first finds in a large kimberlite field. The Company also controls diamond exploration properties in Nunavut (Stein), the NWT (Diagras and Redemption) and a rare metals project in BC (Cap). Arctic Star has a highly experienced diamond exploration team previously responsible for several world class diamond discoveries.


Patrick Power, Chief Executive Officer
+1 (604) 218-8772

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: Certain statements in this press release are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements in this press release include that the Timantti Project transaction is a pre-eminent opportunity.

White Metal Options Little Joanna Gold Property, Northeast of Sokoman Iron, Central Newfoundland

Thunder Bay, Ontario–(Newsfile Corp. – October 23, 2018) – White Metal Resources Corp. (TSXV: WHM) (“White Metal” or the “Company”) is pleased to announce that the Company has entered into an option agreement (the “Option”) for a 100% interest in the Little Joanna Gold Property (the “Property”), Central Newfoundland. The Property is approximately 25 km northeast of the town of Glenwood, is accessible by resource roads that originate from either Glenwood or Birchy Bay, and comprises 280 claim units, covering 7,000 hectares. The Property is approximately 45 km northeast of the Moosehead Gold Project of Sokoman Iron Corp. (“Sokoman Iron”). Sokoman Iron recently announced their gold-bearing discovery hole (Sokoman Iron Corp. news release, dated July 24, 2018), reporting an assay result of 44.96 g/t Au over 11.90 metres (from 109.00 to 120.90 metres).

The Little Joanna property is a new high-grade gold discovery in an area with little known exploration. The main Little Joanna showing is a 25 to 31 cm wide compact quartz vein within a highly altered, carbonated sedimentary mélange of shale, conglomerate and siltstone. Hand trenching by the vendors exposed the vein for a couple of metres. Fine, visible gold is observed throughout the vein and selected grabs samples by the Vendor assayed up to 734 grams per tonne (g/t) gold (Au) (23 oz/ton Au); average sampling of the quartz vein is approximately 189 g/t Au (5.9 oz/t Au.). As much of the Property is covered by overburden, the Company believes that significant potential exists for the discovery of additional gold-bearing quartz veins.

In conjunction with the original Option of 27 claim units, White Metal subsequently staked an additional 253 claim units extending the Property to the northeast and southwest and covering historical work done by Noranda Exploration (1988-1989). Noranda reported up to 44g/t Au in boulder samples and outlined 1.15 g/t Au and 5.2 g/t Au basil till sample anomalies.

The Property is largely underlain by Early to Late Silurian siliciclastic sediments and lesser subaerial mafic and felsic volcanic rocks including the Silurian Botwood Group (Wigwam and Lawrenceton formations), similar to the geology and northeast-trending structures found on Sokoman Iron’s Moosehead gold project to the southwest.

To exercise the Option the Company is required to complete a series of cash payments totaling $170,000 and share issuances totalling 1,800,000 shares to the optionor of the Property (the “Optionor”) as follows: a) $15,000 and 300,000 shares upon receipt of regulatory approval; b) $25,000 and 300,000 shares on or before the first anniversary; c) $30,000 and 300,000 shares on or before the second anniversary; c) $40,000 and 400,000 shares on or before the third anniversary; and d) $60,000 and 500,000 shares on or before the fourth anniversary. The Optionor will retain a 2% Net Smelter Return Royalty (“NSR”) of which White Metal will have the right to purchase 1% for $1,000,000.00 and have the first right of refusal on the remaining 1%. The Option is subject to an advanced royalty payment of $7,000 per year, payable in cash or shares, after year 5 of the Option.

This Option Agreement is pending TSX approval.

Technical information in this news release has been reviewed and approved by Dr. Scott Jobin-Bevans (P.Geo.), Vice President Exploration and a Director of White Metal, who is a Qualified Person under the definitions established by the National Instrument 43-101.

About White Metal Resources Corp. (TSXV: WHM):

White Metal Resources Corp. is a junior mineral exploration company exploring for gold in Canada. For more information in regards to White Metal Resources Corp. you can visit the company’s Web Page at

On behalf of the Board of Directors of White Metal Resources Corp.

“Jean-Pierre Colin”
Jean-Pierre Colin, President, CEO and Director

For further information contact:
Jean-Pierre Colin
President, CEO & Director
White Metal Resources Corp.
(416) 573-4300


Michael Stares
White Metal Resources Corp.
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 628-7836   Fax (807) 475 7200

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Japan Gold Announces Strategic Alliance to Explore Four Prospective Lithocap Projects

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) (“Japan Gold” or the “Company“) is pleased to announce that it has entered into a binding letter agreement (“Letter Agreement“) with First Quantum Minerals Ltd. (TSX: FM) (“FQML“) to explore four of its prospective lithocap projects (collectively, the “Lithocap Projects” and each a “Project“) located on the islands of Hokkaido, Honshu and Kyushu, Japan. The Lithocap Projects represent exploration targets for shallow-level epithermal gold and deeper porphyry copper-gold deposits. Pursuant to the terms of the Letter Agreement, FQML has committed to manage and oversee a systematic surface exploration reconnaissance program on each Project prior to June 30, 2019.

John Proust, Chairman and CEO of Japan Gold, commented: “We are delighted to partner with a company with First Quantum’s international reputation, exploration, development and production expertise and financial capability to advance four of our highly prospective gold and copper-gold exploration targets in Japan. We believe this to be a first of many validating events for our pioneering efforts to re-establish Japan as a major mining jurisdiction. Separately, Japan Gold’s portfolio includes an additional twelve epithermal gold projects focused on the islands of Hokkaido and Kyushu, all of which sit within historic mining districts. Taken together, we believe that the Company is in an excellent strategic position in Japan, and we heartily welcome First Quantum as a partner.”

The Projects included in the Letter Agreement are the Eboshi, Kobui, Minamikayabe and Kamitsue projects, which collectively cover a land area of 11,830 hectares (“ha”), refer to Figure 1 which shows Japan Golds lithocap projects on the islands of Hokkaido, Honshu and Kyushu.

FQML will immediately commence work on initial exploration programs at each of the Projects, which will consist of reconnaissance field work, mapping, soil and rock sampling, and targeted geophysics. FQML personnel will be working directly alongside Japan Gold, who will remain as operator during this initial program at each of the Projects.

Option Summary

Upon completion of the initial exploration program, as defined by a specific scope of work on each of the four Projects, FQML will have the option to enter into a formal earn-in agreement (“Option Agreement“) on any Project individually, pursuant to which FQML may earn-in to 51% of a Project by completing a minimum of US$5 million in total exploration expenditures prior to June 30, 2022. For any project that FQML options it will endeavour to maintain minimum average annual expenditures of US$1 million per year during the initial earn-in period.

Upon earning a 51% interest in a Project, FQML would have the right to earn an additional 29% interest in a Project by solely funding the Project until FQML makes a “Decision to Mine”, increasing FQML’s ownership in a Project to 80%.

Lithocap Project Summaries

The Eboshi project comprises nine contiguous prospecting rights totaling 3,080 ha, located near the coastal town of Noheji in northern Honshu, Japan. The project area contains a large, exposed advanced-argillic lithocap, one of several identified along the Northeast Japan Arc by government funded regional metallogenic surveys conducted in the 1980’s and 1990’s.

The Kobui project comprises eight contiguous prospecting rights applications totaling 2,738 ha, located in the Kameda Peninsula of southwestern Hokkaido. The project area contains two large advanced-argillic lithocaps separated by a younger andesitic volcanic dome.

The Minamikayabe project comprises six contiguous prospecting rights applications totaling 1,943 ha also on the Kameda Peninsula of southwestern Hokkaido. Targets include high level epithermal gold systems, and deeper potential porphyry targets associated with two broad advanced-argillic lithocaps.

The Kamitsue project comprises twelve contiguous prospecting rights applications totaling 4,069 ha, located near the town of Kikuchi in northern Kyushu. A large area of advanced argillic alteration was identified by the Company in 2018 during reconnaissance programs around historically prospected gold bearing quartz veins.


Haywood Securities Inc. is acting as financial adviser to Japan Gold in connection with the transaction. Morton Law LLP is acting as legal counsel to Japan Gold.

On behalf of the Board of Japan Gold Corp.

“John Proust”

Chairman & CEO

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold and copper-gold exploration in Japan. The Company has applied for 210 prospecting rights licenses in Japan for a combined area of 69,505 hectares over seventeen separate projects. Forty-one of the applications have been granted as Prospecting Rights. The applications cover areas with known gold occurrences and a history of mining and are prospective for both high-grade epithermal gold mineralization and gold-bearing lithocaps, which could indicate the presence of porphyry mineralization. Japan Gold’s leadership team has decades of resource industry and business experience, and the Company has recruited geologists and technical advisors with experience exploring and operating in Japan. More information is available at or by email at

About First Quantum Minerals Ltd.

First Quantum Minerals Ltd. is a leading and fast-growing copper company founded more than 20 years ago with a strong conviction in the long-term fundamentals for copper. Beginning with the 1996 purchase of the Bwana Mkubwa Mining License in Zambia, to reprocess tailings from past mining activities, First Quantum’s assets and operations now span nine countries and five continents. Today, First Quantum is one of the world’s top ten copper producers. In 2017, First Quantum recorded the highest copper production in its history at 573,963 tonnes in addition to 199,736 ounces of gold and 17,837 tonnes of nickel. First Quantum’s rapid growth is set to continue with the ramp-up of the massive Cobre Panama project beginning in late 2018.

Japan Gold Contact

John Proust
Chairman & CEO
Phone: 778-725-1491

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The technical information in this news release has been reviewed by Japan Gold’s President & Chief Operating Officer, Dr. Mike Andrews, PhD, FAusIMM, who is a Qualified Person as defined by National Instrument 43-101. As the Qualified Person, he has supervised the preparation and approved the scientific and technical disclosure in the news release.

This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company’s ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

Figure 1: Japan Gold Lithocap and Low-Sulphidation Epithermal Gold Projects

To view an enhanced version of Figure1, please visit:

Smartcool’s Total Energy Concepts (TEC) Energy Savings Solutions Installed at a Metal Fabrication Shop and Grocery Store

Solutions Include Smartcool, Power Factor Correction and Nano LiquiTec(TM)

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) (FSE: R3W) is pleased to announce that its wholly-owned subsidiary, Total Energy Concepts (TEC) has successfully installed a number of solutions at a metal fabrication business and a grocery store. Both of these businesses have multiple locations and should result in additional installations. Total sales for these initial two locations exceeded $100,000 USD.

Upon completion of a comprehensive energy audit, a number of energy efficiency technologies were recommended and implemented, with expected savings of greater than 15% of the total energy costs. TEC installed the Smartcool’s technology as well as TEC’s propriety Power Factor Correction (PFC) technology, Voltage Conditioning Units (VCU), LED lighting and Nano LiquiTec™.

PFC’s are a proprietary engineered product manufactured by TEC, that reduces energy consumption at the device level by improving the power factor at large inductive loads such as electric motors and compressors.

Nano LiquiTec is a breakthrough synthetic catalyst with graphene and nanotechnology, engineered to create nano-convection for enhanced heat transfer by removing oil fouling, which generates energy saving of up to 40% of the HVAC or refrigeration system.

Damian Smith, CEO of Total Energy Concepts commented: “These two businesses are representative of the types of customers we assist with our holistic approach to energy efficiency. They join the over 5,000 installations that TEC have completed in the last 15 years. By combining a number of energy solutions we are able to achieve greater economic benefits for our customers. We’re looking forward to assisting these two customers in their other locations.”

About Smartcool

Smartcool Systems Inc. provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3, ESM and ECOHome are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%.

Total Energy Concepts (TEC) is a national leader in Power Protection, Energy Management, Power Quality, Facility Grounding, and Lighting Solutions that help companies improve their bottom line by reducing expenses that drastically cut into company profits. TEC focuses on a holistic approach to energy efficiency with proprietary technologies for power factor correction and third party technologies including LED, voltage conditioning and intelligent motor controls.

For more information please visit and

For further information
WEB: and

Investor inquiries
Mike Kordysz
Vice President, Investor Relations
+1 604 904 8632

Legal Notice Regarding Forward Looking Statements

This news release contains “forward looking statements”. Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as “expect”, “anticipate“, “intend“, “plan”, “believe”, “estimate” and words of similar meaning. Forward-looking statements are based on management’s current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the company’s belief in the growth opportunities in the USA. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at or at the Company’s website,

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Edison Cobalt Intersects 1.24% Cobalt over 0.35 Meters and 0.20% Cobalt over 4.65 Meters in Diamond Drilling at the Historic Edison Mine on the Kittson-Cobalt Project

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – Edison Cobalt Corp (TSXV: EDDY) (Edison Cobalt or the “Company“) is pleased to announce initial results from their summer diamond drilling program targeting the historic Edison Mine area of their Kittson-Cobalt Project, located in the prolific Cobalt Silver Camp in Northeast Ontario, Canada.

A total of 2,620 metres (21 holes) have been completed during the summer program, results of which have been received for the first 12 holes. Highlights include hole KIT-18-010 which returned 0.20% Co over 4.65 meters, including 0.34% Co over 2.65 meters and hole KIT-18-012 which returned 0.27% Co over 2.65 metres including 1.24% Co over 0.35 meters and a separate intercept of 0.63% Co over 1.00 meters.

The program successfully intersected the fracture zone that hosts the Edison Mine mineralization over a strike length of ~150 metres and to a maximum depth of ~175 meters. The fracture zone was much wider than was observed at surface, ranging from 7 to 30 metres wide (drilled core length) and hosting several 0.1 – 2.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture and vein controlled cobalt mineralization in the form of smaltite and erythrite (cobalt bloom) occurred throughout this zone with values as high as 1.24% Cobalt over 0.35 meters. A full list of significant intersections is provided in Table 1 below. A drill hole location map, an isometric view and cross section are shown here. (Click here to view Maps and Figures)

Commenting on the latest results, Neil Pettigrew, President and CEO said: “We’re highly encouraged by this initial drill program on the historic Edison Mine. These results represent the first drilling ever conducted at the Edison Mine.

Table 1. Diamond Drilling Highlights.


Co wt. %

Au g/t

Ag g/t

Cu wt.%

Ni wt. %
ED-18-001 No Significant Results
ED-18-002 No Significant Results
ED 18-003 No Significant Results
ED-18-004 No Significant Results
ED-18-005 No Significant Results
ED-18-006 No Significant Results
ED-18-007 42.10 45.30 3.20 0.05 0.005 0.3 0.020 0.010
And 66.20 67.38 1.18 0.06 0.006 0.2 0.002 0.005
And 86.50 86.80 0.30 0.13 0.009 0.3 0.006 0.010
ED-18-008 No Significant Results
ED-18-009 No Significant Results
ED-18-010 73.50 78.15 4.65 0.20 0.013 1.2 0.007 0.032
Including 74.50 77.15 2.65 0.34 0.337 1.5 0.008 0.050
Including 74.50 74.85 0.35 0.98 0.015 1.5 0.026 0.123
ED-18-010 95.70 99.00 3.30 0.07 0.005 1.0 0.022 0.017
ED-18-011 22.00 22.40 0.40 0.11 0.044 1.3 0.004 0.000
ED-18-012 144.35 147.00 2.65 0.27 0.000 2.1 0.014 0.022
Including 145.35 145.70 0.35 1.24 0.000 11.4 0.007 0.113
And 156.00 156.40 0.40 0.37 0.000 1.1 0.001 0.018
And 169.00 170.00 1.00 0.63 0.000 0.5 0.026 0.037

*All reported widths are drilled core lengths.

About the KittsonCobalt Project

The Project is located near the town of Cobalt in northeast Ontario, Canada. The Project hosts the historic Edison, Shakt-Davis and Kittson mines, as well as numerous historic workings, the deepest extending down to 628 feet, and over 2,500 feet of lateral workings. Cobalt mineralization occurs in Proterozoic-aged quartz-carbonate veins hosted in brittle shears in Nipissing diabase. This style of mineralization is similar to that of the famous Cobalt Silver Camp located ~15 km east of the Property, which produced 420 million ounces of silver with cobalt as a significant by-product. Veins hosting the mineralization at the Kittson-Cobalt Project differ from the typical Cobalt Silver Camp veins in that they are lower in silver but richer in cobalt and are associated with significant gold. Historic reports from the Shakt-Davis mine indicate values of 1.5% Co over 1.37 metres and select grab samples returning up to 4% Co and 93.3 g/t Au. Locally significant nickel, copper and to a lesser extend lead, zinc and bismuth also occur within the quartz-carbonate veins.

About Edison Cobalt Corp.

Edison Cobalt Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metals. Edison Cobalt’s acquisition strategy focuses on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. The Company’s shares are listed and posted for trading on the TSX Venture Exchange under the symbol “EDDY”, the OTC Pinks under the symbol “PWMRF”, and on the Frankfurt Exchange under the symbol “VV0”.

The technical content of this news release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., President & CEO and a director of the Company, and a Qualified Person as defined by National Instrument 43-101.

On behalf of the Board of Directors:               

Neil Pettigrew          

Neil Pettigrew
& CEO    

For more information please contact:
Howard Milne V.P. Business Development
(604) 377-8994 Email:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

International Zeolite Update on Application of its Zeolite in Indian Agricultural Sector

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2018) – International Zeolite Corp. (TSXV: IZ) (OTCQB: IZCFF) (FSE: ZEON) (the “Company”) an international marketer and supplier of natural zeolite and zeolite-infused products, is pleased to provide an update on the application of its zeolite in the agricultural sector in India. The Company shipped 40 metric tonnes of various sized processed zeolite for use in the Indian agricultural and poultry sectors. The shipment arrived in India on August 14, 2018 and was then forwarded to the research sites.

The objective of the research is to test the use of zeolite in optimization in the absorption of urea, a nitrogenous fertilizer. Professor Jayashankar Telangana State Agricultural University (“PJTSAU”) based in Hyderabad, India has completed research protocols on rice crops and commenced the project within the Khariff (monsoon season) on three different soil types representing respective climatic conditions and the soil eco-systems of each location, which is part of Phase I research.

The ongoing research undertaken by Hyderabad University indicates visibly identifiable changes observed between the control crop (without zeolite), the zeolite infused crop, and the reduced zeolite application crop as shown in Figure 1.

Figure 1

Cannot view Figure 1? Please visit:

The research protocol parameters are designed to test the height and length of the rice plant, along with the number of panicles (a flower cluster that usually grows at the end of a stem or a shoot) per plant, the number of rice grains per panicle and the grain size variability which directly impacts the crop yields. It is an established hypothesis that slow release of essential major nutrients such as nitrogen, potassium and phosphorus promotes healthy growth of the plant and positively impacts crop yields. The University will present formal research results and provide necessary information for obtaining required clearances from relevant authorities towards commercialization.

As previously reported, in India, Urea receives a significant government subsidy for use in the agricultural sector. Annual consumption of approximately 32 million tonnes has a domestic retail value of approximately US$3 billion. The Indian Nitrogen Group has reported that only 33% to 35% of Urea is used by the plant and the rest is lost due to leaching or evaporation and run-off of soils, resulting in ground water pollution, which is a notable environmental issue in the agricultural sector throughout India. Estimates of the economic costs on loss of effective Urea utilization rates in India range between US$1.6-billion to US$1.8-billion annually.

Inherent properties of zeolites include: Cation Exchange Capacity (CEC) which increases soil nutrient holding capacity due to its open framework and porous crystal structure. Its water retention capacity is 60% to 70% of its body weight. Contrary to fertilizers, zeolites are nutrient-intake regulators that act as a natural aid of increasing retention of water soluble fertilizers for long periods while preventing de-leaching, dehydration and run-off of soils. Zeolites promote maximum efficiency of fertilizer utilization through the slow release of nutrients to the plant.

The main fertilizers used in Indian agriculture include nitrogenous fertilizers, potash, phosphate and complex fertilizers. India is the third largest producer and second largest consumer of fertilizers in the world. The total fertilizer market in India is expected to reach a value of US$34-billion in 2019. The Indian agriculture sectors contribution is approximately 17% of the nation’s US$2 trillion economy.

Ray Paquette, CEO stated, “International Zeolite is in the process of pursuing technologies to commercialize the manufacturing of zeolite coated urea. The Company is working through Ichaana Indo-Can Zeolite Private Limited (“Ichanna”). The working relationship established with Ichaana and the University is expected to contribute significantly to the international agricultural sector based on positive research results. This would be followed by securing the necessary permits and approvals for market expansion into India.”

On Behalf of the Board
Ray Paquette
President & CEO

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. International Zeolite does not assume the obligation to update any forward-looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.